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    Property profile & analytics

    1224 Ml St East Berlin, CT 06023-1159

    • Commercial real estate
    • 6.65 lot acres
    OFF-MARKET
    Value Estimation
    $2,170,000
    Last Sale
    Apr 17, 2025
    $2,375,000
    Location Intelligence
    Property ID
    US15-0607701
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Law Office of Refai Arefin LLC / Law Firm
    • H Just & Associates, LLC / Tax Preparation Service
    • Classic Metal Roofs / Roofing Contractor / Gutter Service
    • Abetteroffice / Pharmacy
    • Consignment Originals / Store

    Property Details for 1224 Ml St

    Lot size
    6.65 lot acres
    Zone code
    POR
    Property type
    Commercial real estate
    APN
    BERL M:17-4 B:152 L:1 U:7368
    APU
    BERLM174B152L1U7368

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,350,000
      6.5%
      $2,270,000
      7%
      $2,200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,420,000
      Geo Method
      $2,110,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,325,000
      Retail
      $2,855,000
      Mixed-Use
      $2,375,000
      Hospitality
      $2,690,000
      Educational
      $2,240,000
      Residential Income
      $2,210,000
      Energy
      $2,715,000
      Income-Based Land
      $2,350,000
      Food Service
      $2,935,000

    Location Insight

    • Map
    • Local Demand
    City
    East Berlin
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.7169
    Latitude
    41.608
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $66,265
    $266,200
    $1,975,500
    $2,241,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      7,500 SF

      32 Clark Dr

      SHOW ROOM, WAREHOUSE • 7,500 SF
      32 Clark Dr, East Berlin, CT 06023
      View Details
    • Value Estimation
      $215,000
      7,214 SF

      406 Berlin St

      SHOW ROOM, WAREHOUSE • 7,214 SF
      406 Berlin St, East Berlin, CT 06023-1184
      View Details
    • Value Estimation by Request
      13,932 SF

      1224 Mill St

      Office space • 13,932 SF
      1224 Mill St, Berlin, CT 06023
      View Details
    • Value Estimation by Request
      16,161 SF

      401 Berlin St

      INDUSTRIAL (GENERAL) • 16,161 SF
      401 Berlin St, East Berlin, CT 06023-1127
      View Details
    • Value Estimation by Request
      14,915 SF

      316 Berlin St

      HOMES (RETIRED, NURSING) • 14,915 SF
      316 Berlin St, East Berlin, CT 06023-1123
      View Details
    • Value Estimation
      $280,000
      4,000 SF

      424 Berlin St

      WAREHOUSE, STORAGE • 4,000 SF
      424 Berlin St, East Berlin, CT 06023-1125
      View Details
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    1224 Ml St
    East Berlin, CT 06023-1159
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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